GL Acquires Advantica

Tuesday, September 04, 2007
Germanischer Lloyd acquires the British Advantica Holding, based in Loughborough, with 660 employees worldwide from National Grid plc. With this acquisition, Germanischer Lloyd will double its turnover in the oil and gas industry and significantly strengthen its position in the UK, Middle East and US markets. Advantica concentrates on oil and gas installations and pipeline networks and is therefore an expert for risk and safety analyzes, offering consulting services for installation design and the optimization of operations. To date, the Germanischer Lloyd Industrial Services unit has focused on asset and process safety, production know-how and inspections as well as evaluation of structures and safety related components. Advantica offers project consulting services for oil and gas production, storage, LNG terminals, pipeline engineering as well as gas, electricity and water distribution networks combined with the corresponding software solutions and consulting services for installation performance, maintenance and process control.

Currently, GL's Industrial Services unit has focused on Third Party certification and inspection, independent design verification, production monitoring of components and installations as well as risk-based inspections and condition surveys of production facilities both onshore and offshore. With the complementary services offered by Advantica, the GL range of services now extends across the asset life cycle. Advantica's specific strengths in safety and risk studies, asset performance optimisation, asset integrity management, planning and design solutions and software products enable the new, expanded group to offer a one stop solution for clients throughout the oil and gas sector.

Following the acquisition, Germanischer Lloyd will double the turnover in the industrial services unit to more than 200 million Euros. It is currently the fastest growing operating area of the Germanischer Lloyd Group based in Hamburg. Its international network will be expanded to more than 50 offices in 32 countries. The overall service spectrum comprises testing, certification and consulting services focusing on the oil and gas, wind energy, management systems and materials testing sectors.

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Coast Guard

USCG Assist Duck Hunters Near Harrington Beach Park

The Coast Guard and the Port Washington and Cedar Grove Fire Departments came to the assistance of two duck hunters on Lake Michigan Friday. The names of those involved are not being released.

7 Rescued from Sinking Freighter Near Haiti

Seven crewmembers were rescued after their 100-foot coastal freighter began taking on water and sank approximately 45 miles north off of Cap Haitien, Haiti, Friday.

Update: Explosion in the Gulf of Mexico

An explosion occurred aboard a production platform Thursday at West Delta 105, operated by Fieldwood Energy, resulting in one fatality and three injured. The Bureau

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1378 sec (7 req/sec)